Photo Source: Babushahi Bureau
MSME Cluster meet held in Chandigarh to promote awareness on industrial policies
Babushahi Bureau
Chandigarh, July 12, 2025 — The Haryana State Chapter of PHD Chamber of Commerce and Industry (PHDCCI), in collaboration with Canara Bank, organized an MSME Cluster Meet today at PHD House, Sector 31, Chandigarh.
The event aimed to enhance awareness among Micro, Small, and Medium Enterprises (MSMEs) about various government industrial policies and financial support schemes available through banks.
Lokesh Jain, Co-Chair, Haryana State Chapter, PHDCCI, inaugurated the session by welcoming the speakers and participants. He highlighted the vital contribution of MSMEs to India's GDP, exports, and employment, stressing the need for increased support and awareness for their growth.
Speaking at the event, B Ravi, Deputy General Manager, Canara Bank (Regional Office, Chandigarh), informed the gathering that the bank had disbursed ₹1000 crore to MSMEs in the previous year and plans to increase funding in the current financial year.
He further added that Turnaround Time (TAT) for loan disbursement at Canara Bank is among the lowest in the sector, ensuring swift financial assistance to businesses.
Bharti Sood, Regional Director, PHDCCI, in her opening remarks, underlined the critical role of accessible credit in enabling MSMEs to expand and thrive in a competitive economy.
Arshjeet Singh, General Manager, Industry Department, Punjab, showcased the state’s industrial policies and capital subsidy schemes, designed to promote investment and industrial development. He urged MSMEs to explore these incentives for sustainable growth.
Manoj Kumar Das, representing Canara Bank’s Circle Office, Chandigarh, reaffirmed the bank’s deep commitment to MSME support through collateral-free loans, working capital solutions, and customized financial products.
He emphasized the role of digital banking platforms in ensuring easy, secure, and round-the-clock access to credit and services. He also briefed attendees on government-backed schemes like MUDRA and PMEGP, and the bank’s guidance in availing them.
The event concluded with a vote of thanks delivered by Ms. Shefali Bansal, Assistant General Manager, MSME Sulabh, Chandigarh. She expressed gratitude to industry leaders, speakers, and participants for their active engagement.
The seminar witnessed participation from over 110 delegates, including representatives from banks, trade associations, and industrial houses across the region.